HomeNEWSBreaking: Tinubu Approves Appointment Of Cardoso As CBN Governor

Breaking: Tinubu Approves Appointment Of Cardoso As CBN Governor

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President Bola Ahmed Tinubu, has approved the appointment of Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN).

This was contained in a statement issued on Friday by Ajuri Ngelale, Special Adviser to the President on Media and Publicity.

Dr Cardoso will replace Folashodun Adebisi Shonubi, who was serving as the apex bank’s acting governor after Godwin Emefiele was suspended in June.

“This directive is in conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests in the President of the Federal Republic of Nigeria, the authority to appoint the Governor and Four (4) Deputy Governors for the Central Bank of Nigeria (CBN), subject to confirmation by the Senate of the Federal Republic of Nigeria.

“Furthermore, President Bola Tinubu has approved the nomination of four new Deputy Governors of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending their confirmation by the Nigerian Senate,” he stated.

The new Deputy Governors include Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello.

READ ALSO: Enugu Governorship: Supreme Court Struck Out APC’s Case Against Mbah’s Victory

“In line with President Bola Tinubu’s Renewed Hope agenda, the President expects the above listed nominees to successfully implement critical reforms at the Central Bank of Nigeria, which will enhance the confidence of Nigerians and international partners in the restructuring of the Nigerian economy toward sustainable growth and prosperity for all,” Ngelale stated.

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